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Technology Stocks : Son of SAN - Storage Networking Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Skeet Shipman who wrote (4074)	10/10/2001 2:06:43 AM
From: Gus	Respond to of 4808

Two of the most recent surveys: ......Large buyers of information technology will not cut their budgets any further because of the Sept. 11 terrorist attacks, a survey released Monday showed. Large buyers of information technology will not cut their budgets any further because of the Sept. 11 terrorist attacks, a survey released Monday showed. Prior to the attacks, IT managers expected spending to shrink 14 percent, AFCOM's Data Center Institute said. In a poll taken between Aug. 27 and Sept. 28, 422 senior data center managers said they did not expect to further trim their budgets, despite the challenges in the wake of the attacks and the months of economic uncertainty. AFCOM, based in Orange, Calif., is an industry group for enterprise data center managers....... dailynews.yahoo.com NEW YORK -- The terrorist attack of Sept. 11 has cast quite a shadow on the technology industry and IT professionals. Now that we have had more than two weeks to assess the impact, it's clear that some of the early pessimistic prognostications about the impact of this tragedy on IT budgets was wrong. *According to a recent research study conducted by Ziff Davis Media's Market Experts Group, there are very few IT organizations that are planning to do any trimming of their budgets.* The study contacted more than 400 IT professionals from a wide variety of companies and indicates that nearly 60 percent of the respondents' companies intend to maintain fourth-quarter IT expenditures at the same level as originally budgeted before Sept. 11. Yet, the biggest news is that for those companies that are making changes, a larger percentage will actually be increasing budgets, rather than decreasing them. And this trend in steady or slightly increasing spending is true among different-size companies....... eweek.com